This property looks like a bad Mid-Term investment with a projected -6.21% first-year return on $73,629 initial cash invested.
-6.21%
Cash On Cash
5.31%
Cap Rate
0.79
DSCR
$1,934
Rent
-$381
Cashflow
Cash Flow
$1,934 income − $2,315 expenses = $381 out of pocket
Investment Breakdown
|
Purchase Price
$265k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$73,629
Downpayment
20%
$52,980
Closing costs
1%
$2,649
Rehab
0%
$0
Furnishing
7%
$18,000
Cashflow
Total Income
$1,934
Total Expenses
$2,315
Mortgage P&I
76%
$1,477
Property Taxes
5%
$88
Home Insurance
5%
$93
HOA
0%
$0
Property Management
12%
$232
CapEx
4%
$77
Vacancy
3%
$58
Maintenance
4%
$77
Other
11%
$213